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प्रश्न
Answer the following question.
Give any two examples of the informal sector of credit.
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उत्तर
Money-lenders and landlords
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संबंधित प्रश्न
Compare formal sector loans with informal sector of loans regarding interest only.
Which one of the following is a formal source of credit?
Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain.
How do banks mediate between those who have surplus money and those who need money?
Why do we need to expand formal sources of credit in India?
Majority of the credit needs of the _________ households are met from informal sources.
__________costs of borrowing increase the debt-burden.
Answer the following question.
Describe the bad effects of informal sources of credit on borrowers.
Explain any three reasons for the banks and cooperative societies to increase their lending facilities in rural areas.
Answer the following question.
Why is cheap and affordable credit important for the country's development? Explain any three reasons.
